Russia-China Gas Deal Would Be Bad for High-Cost Australian Producers

China and Russia are adding fuel to their natural-gas fire. It’s a potential deal that could burn the oxygen out of the room for other gas producers.

Six months after Russia secured a final agreement to sell $400 billion of natural gas to China for 30 years through eastern Siberia, state-run Gazprom and its counterpart China National Petroleum Corporation are discussing another pact, this time for gas from western Siberia.